The Department of Energy (DOE) will craft separate “remuneration packages” on hydropower and geothermal technologies in the targeted auction of renewable energy (RE) capacities for compliance of mandated participants to the Renewable Portfolio Standards (RPS) policy. A revised DOE circular said...
Malacañang is looking to implement changes in its electrification game plan in a bid to achieve 100 percent electrification of the country by 2022--the last year of the Duterte administration. (Kai Gradert/ Unsplash) President Duterte signed Executive Order (EO) No.156 on Friday, Dec. 10 in order...
Petroleum pumps will take a major reverse course next week with big-time price hikes of P1.20 to P1.65 per liter due across products, according to the initial calculation of the oil companies. Based on the outcome of last week’s trading, the industry players are estimating hefty price upticks of...
The Department of Energy (DOE) is instituting a policy that will exempt waste-to-energy (WTE) biomass power projects from the competitive selection process (CSP) requirement in their power supply agreements (PSAs). CSP is an auction scheme mandated upon off-taker distribution utilities, like that...
The country’s oil companies are being flagged for allegedly ‘shortchanging consumers’ by implementing lower-than-expected price rollbacks at the pumps, prompting stronger calls for the unbundling of pass-on costs of petroleum commodities. According to Bayan Muna Representative Carlos Isagani...
Senator Risa Hontiveros on Tuesday said Energy Secretary Alfonso Cusi and businessman Dennis Uy should reveal the “mystery shopper” instead of filing libel charges against members of the media for supposed unfair reporting over a graft complaint they’re facing over Uy’s controversial buyout...
DOE firms up 2,000MW RE capacity auction By MYRNA M. VELASCO The Department of Energy (DOE) has finally firmed up the initial capacity requirement of 2,000 megawatts for bidding to prepare for the implementation of the Renewable Portfolio Standards (RPS) policy of the RE sector. Energy Assistant...
Filipino motorists will gain massive financial relief this week as the price of gasoline will be on a hefty rollback of P2.40 per liter, while socially sensitive diesel products will be down by P2.65 per liter. With airline travels getting restricted again in many parts of the world because of the...
The Philippines is planning to invest P502 billion in the next two decades for its targeted gas reserves extraction of up to 4.0 trillion cubic feet (TCF) as a replacement to the depleting Malampaya field, according to the Department of Energy (DOE). DOE Undersecretary Felix William B. Fuentebella,...
Filipino motorists will experience huge relief next week with petroleum products at the pumps being anticipated to be on substantial rollbacks again based on calculations by oil companies. According to industry players, gasoline prices will be trimmed by P2.60 to P2.70 per liter while diesel will...
The Sy-led BDO Capital & Investment Corporation is opening its doors to financing scheme that will align its project funding portfolio with the proposed energy transition mechanism (ETM) towards the phaseout of coal-fired power plants in the country within a specified timeframe. In an Energy...
The Department of Energy (DOE) will explore the potential of mangrove sequestration in managing carbon dioxide (CO2) emissions in a bid to curb future impacts of climate change. Department of Energy Secretary Alfonso Cusi (File photo) The DOE said Wednesday, Dec. 1, that the move is in line with...
